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On the regulation of procurement bids

Author: Sinclair-Desgagné, Bernard INSEAD Area: Technology and Operations Management Series: Working Paper ; 89/66/TM/EP Publisher: Fontainebleau : INSEAD, 1989.Language: EnglishDescription: 7 p.Type of document: INSEAD Working Paper Online Access: Click here Abstract: It is shown that a rational buyer should not put any restriction on the non-price components of procurement bids, when both its utility and the sellers' profit functions are linear price, and its preferences are common knowledge
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It is shown that a rational buyer should not put any restriction on the non-price components of procurement bids, when both its utility and the sellers' profit functions are linear price, and its preferences are common knowledge

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